- XLS-65 enables single asset vault consolidation. $XRP Ledger that users can pool $XRPIOU, or MPT and get a proportionate share of MPT.
- XRPL Commons supported this fix after 257 Devnet tests covering exchange logic, access controls, and asset protection measures.
of $XRP Ledger has launched new DeFi features through the XLS-65 amendment. of suggestion Introducing a new native single asset vault that allows multiple users to pool a single asset into a shared on-chain structure. This model works at the protocol level and does not rely on smart contracts or external bridges.
In XLS-65, a vault can only hold one asset type. What are the assets? $XRPIOU, or multi-purpose token (MPT). When a user deposits funds, the ledger allocates proportional shares to the user. This is issued as an MPT token and represents the user’s ownership within the vault. When the holder returns the shares, the matching portion of the underlying asset can be withdrawn.
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— XRPL Commons (@xrpl_commons) March 5, 2026
This structure allows $XRP ledger It is a native system for pooled asset management, creating the foundation for DeFi products that require shared liquidity. This includes lending systems, yield tools, and financial management services. Because this functionality is in-ledger, it inherits the speed and low-cost model already associated with XRPL.
This fix gives vault authors control over participation rules. Vaults can remain open to all users, or access can be restricted through the Allowed Domains standard.
Last month, CNF covered Native escrow support has been expanded with the launch of XLS-85 on the XRPL mainnet. $XRP Trustline to IOUs and multi-purpose tokens.
$XRP Ledger Vault rules, security, and withdrawals
XRPL Commons voted in favor of XLS-65 after completing a full testing process on Devnet. The review included 257 test cases across 10 categories. The test covered all transaction types related to amendments. We also covered edge cases and adversarial scenarios designed to expose weaknesses.
Test results showed a perfect match between the specification and the Devnet implementation. XRPL Commons also validated owner-only features, credential-based access rules, immutable field controls, reserve handling, and transfer fee bypass provisions.
The proposal also includes built-in safety measures for asset handling. Frozen assets cannot enter the vault and withdrawals remain restricted while the assets are frozen. Issuers can continue to receive frozen funds. A vault cannot be deleted until all assets and stocks are removed.
XLS-65 is built to work with previous upgrades. $XRP ledger. Connect to XLS-66 via the LossUnrealized field to allow it to reflect paper losses during withdrawal.
This month we also have CNF reported About the new XRPL sidechain proposal that brings US-style options and up to 200x leverage $XRP ledger.
At press time, $XRP transaction price $1.39bottom 2.72% The 24-hour trading volume was $2.24 billion.
